LDO Funding Rate — live across 15 venues

Compared across 15 supported venues · net of estimated fees · updated every few minutes

Live annualized LDO perpetual funding across all 15 venues Perpia tracks. Right now LDO funding is positive on 14 and negative on 1, ranging from +11.4% on Extended to -1.6% on KuCoin — a spread of 13.0%. The widest delta-neutral trade is long KuCoin / short MEXC at 10.4% net APR.

venues

paying positive

13.0%

funding spread

Best LDO spread now

10.4%

net APR after fees

Long KuCoin→Short MEXC

size depends on live venue depth — see the real cap in the scanner

LDO funding trend & liquidity

168h of history

12.6%

current gross APR

21.9%

24h average

9.9%

7-day average

$2.4M

pair OI · lower leg

$2.6M

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

LDO funding rate history

30d · 6h buckets · 12 venues

130%0-75.8%

6 Aug5 Sep

LDO — average across 12 venuesAsterBackPackExtendedHyperliquid

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +6.9%. A break in a line means no data was recorded for that stretch, not a zero rate.

LDO funding rate by venue

25 pairs scanned

Venue	Funding APR	Interval
Extended ↗	+11.4%	1h
MEXC ↗	+10.9%	8h
Binance ↗	+10.9%	8h
BingX ↗	+10.9%	8h
OKX ↗	+10.9%	8h
Bybit ↗	+10.9%	8h
Bitget ↗	+10.9%	8h
BackPack ↗	+10.9%	1h
Aster ↗	+10.9%	1h
Variational ↗	+10.9%	8h
Hyperliquid ↗	+10.9%	1h
ApeX ↗	+10.9%	1h
Lighter ↗	+10.5%	8h
Gate.io ↗	+3.6%	8h
KuCoin ↗	-1.6%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs MEXC page.

LDO arbitrage — 30-day backtest

long KuCoin · short MEXC

2.3%

backtested APR

+$19

historical net P&L on $10,000

0.05%

max drawdown

$10,000$10,019

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short MEXC would have produced 2.3% APR — versus the 10.4% the live spread implies right now (equity $10,000 → $10,019). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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LDO funding — FAQ

Is LDO funding positive right now?

LDO perpetual funding is positive on 14 of 15 venues Perpia tracks and negative on 1. The highest is +11.4% on Extended; the lowest is -1.6% on KuCoin.

What is the best LDO funding arbitrage right now?

Go long KuCoin and short MEXC for about 10.4% net APR after fees — the widest delta-neutral LDO spread Perpia currently sees.

Which exchange has the highest LDO funding rate?

Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.

How LDO funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to LDO

Markets also quoted on both KuCoin and MEXC — the same two exchanges you would already have funded for the LDO trade.

See every spread between them on the KuCoin vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this